Wells Fargo & Company MN grew its stake in Rexford Industrial Realty Inc (NYSE:REXR) by 18.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 240,101 shares of the real estate investment trust’s stock after acquiring an additional 37,563 shares during the period. Wells Fargo & Company MN owned about 0.31% of Rexford Industrial Realty worth $6,872,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Rexford Industrial Realty by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 71 shares during the period. Advisor Group Inc. raised its stake in shares of Rexford Industrial Realty by 13.6% in the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 453 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Rexford Industrial Realty by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 469 shares during the period. GAM Holding AG raised its stake in shares of Rexford Industrial Realty by 7.5% in the 2nd quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 400 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at approximately $159,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on REXR. Jefferies Group reissued a “buy” rating and issued a $34.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 26th. Citigroup upped their target price on shares of Rexford Industrial Realty from $28.50 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Finally, BidaskClub downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.78.

Shares of Rexford Industrial Realty Inc (NYSE REXR) opened at $29.16 on Monday. Rexford Industrial Realty Inc has a 52 week low of $21.34 and a 52 week high of $31.71. The firm has a market cap of $2,271.53, a P/E ratio of 67.82, a P/E/G ratio of 3.96 and a beta of 0.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The firm had revenue of $43.30 million for the quarter, compared to the consensus estimate of $41.77 million. During the same period in the prior year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. analysts predict that Rexford Industrial Realty Inc will post 0.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 28th. Rexford Industrial Realty’s payout ratio is currently 134.89%.

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Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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